Over the term of a securitization transaction, the concept of non-compliance allows a securitizing bank to classify a … tested and confirmed based on a unique data set. -- Non-compliance ; risk transfer ; securitization …

yield. Studying securitization exposures on the balance sheets of German banks, I show evidence consistent with this …

This paper provides evidence for regulatory arbitrage within the class of assetbacked securities (ABS) based on … securities with the highest yield and lowest collateral quality among ABS with the same regulatory risk weight. This ABS …

This paper provides evidence for regulatory arbitrage within the class of asset-backed securities (ABS) based on …-sensitivity of rating-contingent capital requirements for ABS. Unlike unconstrained banks they systematically pick the securities …

regulatory reform. The analysis ascribes the crisis not only to problems in subprime mortgage lending and securitization, but … and securitization, focusing on problems of security design and governance, and lack of external discipline from rating …. Among systemic flaws, the paper discusses governance problems in mortgage origination and securitization as well as banking …